Can we Assign one GL no. to one or more House Banks?

Can we assign one GL no. to one or more House Banks. If yes how it works and how to track the cash flows of perticular house bank.

Comments

Romil Tripathi |

| 06 Aug 2015 3:59 pm

Helpful answer

House Bank works with a House ID account ID and a GL account which is used to track inflows and outflows A House Bank may have sub banks under it Now as per the question logic says that a GL account is assigned to HOUSE BANK and the House Bank may have 2 banks in it so the reconciliation accounts will also be 2 and it multiplies with House Banks*Banks=GL accounts for reconciliation purpose

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